States' Challenge To Dodd-Frank Measures Gets Scrapped

By Evan Weinberger

Law360, New York (August 02, 2013, 2:54 PM ET) -- A Washington federal judge on Thursday dismissed a constitutional challenge to three key provisions of the Dodd-Frank Act, saying that the Texas bank and 11 states that launched the suit based their claims on hypothetical harms and not real government actions against them.

U.S. District Judge Ellen Segal Huvelle found that the State National Bank of Big Spring Texas, the 11 states, conservative think tank the Competitive Enterprise Institute and the 60 Plus association lacked standing to bring the case challenging parts of Dodd-Frank.